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Adzuri Copyright 2008
FAIS Compliance

Adzuri Management Consultancy (PTY) Limited is accredited by the Financial Services Board as a compliance practice for the Financial Advisory and Intermediary Services Act No 316.  The Managing Director, Dawn Pretorius, is also accredited in her own name, No 324.

 

Adzuri undertakes your FAIS compliance services on the following basis:

 

1.  The first discussion to determine needs is free of charge.

2.  A simply contract is put in place which allows the client or Adzuri to give three months notice to terminate the contract at any time  for any reason.

3.  Adzuri will attend to the application to become an FSP on your behalf.  Experience in the exact requirements of the FSB is useful in ensuring as little queries as possible and as quick turnaround time as possible to obtain the licence.

4. The compliance function includes the following:

a. Training of staff in elements of the FAIS/FICA as required

b. Provides the client with a checklist of the various policies, processes and procedures

that is required for FAIS/FICA purposes

c. Assistance with templates for necessary policies

d. Assistance with your risk register or risk management plan

e. Provides for checks /progress on qualifications and regulatory examinations etc and register for representatives

f. Checking on telephone conversations/ documentation with clients (sample check) to ensure compliance with FAIS

g. Completion and submission of the annual report

h. Monitoring report to client on a regular basis

i. Monthly or once every two months’ onsite visits or as required

Adzuri also provides for compliance consulting charged per hour on any compliance issue.